Market Notices

• February 5, 2024

  CFEC Releases Results of October 2023 Foreign Exchange Volume Survey

  The Canadian Foreign Exchange Committee (CFEC) released today the results of its October 2023 semi-annual survey of foreign exchange volumes in Canada.

  Content Type(s): Press, Market notices Source(s): Canadian Foreign Exchange Committee
• February 2, 2024

  Reintroduction of the morning auction of Receiver General cash balances

  The Bank of Canada (the “Bank”), in its role as fiscal agent for the Government of Canada, said today it will reintroduce the morning auction of Receiver General (RG) cash balances in the coming weeks.

  Content Type(s): Press, Market notices
• January 16, 2024

  Operational Details for Government Purchases of Canada Mortgage Bonds

  In the 2023 Fall Economic Statement, the Canadian government announced its intention to purchase Canada Mortgage Bonds (CMBs), beginning in 2024, up to an annual maximum of $30 billion while ensuring that the pace and volume of these purchases are appropriate for market conditions.

  Content Type(s): Press, Market notices Source(s): Canada Mortgage Bonds: Government purchases and holdings
• January 11, 2024

  GMF publishes the final framework on a fee for failing to settle GoC securities transactions

  The Government of Canada Market Functioning Steering Group (GMF) published today the final framework on a fee for failing to settle Government of Canada (GoC) bond and bill transactions.

  Content Type(s): Press, Market notices Source(s): Canadian Fixed-Income Forum
• January 3, 2024

  Bank of Canada conducts Overnight Repo operation

  The Bank of Canada today conducted an Overnight Repo (OR) operation, which is a regular tool that is part of the Bank’s standard operating framework for implementing monetary policy.

  Content Type(s): Press, Market notices Source(s): Overnight repo operations
• December 21, 2023

  Summary of Comments – Summer 2023 Canada Mortgage Bonds Consultation

  In Budget 2023, the government announced its intention to hold market consultations on a proposal to consolidate Canada Mortgage Bonds (CMBs) within the regular Government of Canada (GoC) borrowing program.

  Content Type(s): Press, Market notices Source(s): Canada Mortgage Bonds: Government purchases and holdings
• December 21, 2023

  Summary of Comments – Fall 2023 Debt Management Strategy Consultations

  Today, the Fall 2023 Debt Management Strategy Consultations Summary is being published, following the release of the Government of Canada’s Economic and Fiscal Update 2023.

  Content Type(s): Press, Market notices
• December 15, 2023

  Bank of Canada announces changes to communications of interest rate decisions

  The Bank of Canada today announced changes to its procedures for communicating monetary policy decisions, which will take effect in 2024.

  Content Type(s): Press, Market notices
• November 30, 2023

  CARR amends recommended fallback for CDOR NHA MBS, and publishes a guide for Canadian companies transitioning from CDOR

  In 2021, CARR published “Recommended fallback language for FRNs referencing CDOR” which recommended that CDOR-linked floating rate notes (FRNs), including floating rate NHA MBS, fall back from CDOR to a CORRA fallback rate (“Fallback Rate (CORRA)” as defined in the document).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• November 16, 2023

  CARR publishes recommended conventions for Term CORRA swaps

  Today, the Canadian Alternative Reference Rate working group (CARR) published two recommended conventions for interest rate swaps referencing Term CORRA.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group